Yesterday, it was Bharti at support line of 340 hoping against hope and Today it's Just Dial stock. Will Just Dial get similar response like Bharti? Very tough to say...
Here's how Bharti stock reacted to pullback to Support Line
Yesterday, I covered Bharti stock. Here's the Link. Today, stock delivered a stunning bounce. That's what happens when stocks are at supports...they breakdown or deliver a stunning bounce.
Just Dial stock is also positioned in pretty similar fashion on the chart. Here's the weekly stock chart
Is Just Dial right at support from where it will bounce or stock about to give up all its bullishness. A breakdown here can take the stock down to big support area of 980. The Big question: Where are bulls going to come and offer that big support - Here or at 980? Any Long position at current area should have stop loss below 1194.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers